Housing Development Finance Corporation (HDFC) and IvyCamp, an initiative of IvyCap Ventures Advisors, have jointly launched the second phase of their Finnovation program. Finnovation is an annual corporate engagement program that seeks to identify innovative startups with solutions that help solve business problems and add strategic value to HDFC's core lending business.
Just like the first phase, the second phase of the program will continue to support and mentor startups by providing opportunities to interact with the senior leaders and decision-makers at HDFC. The second phase of the program will scout for startups with solutions for Metaverse applicability for delivering superior customer experience and the use of AI and ML for fraud detection.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
